RTI Update – Some Good News for Employers!
HMRC have released guidance on the relaxation of the requirement to submit PAYE information ‘on or before’ the date you pay your employees.
The new regulations come after HMRC’s consultations with stakeholders and employers taking part in the pilot demonstrated that in some cases, reporting information in real time would be difficult or impossible.
There are a number of scenarios outlined in the guidance notes that tell an employer exactly when he or she does not have to report in real time. Please follow the HMRC link below which outlines situations where a Full Payment Submission (FPS) does not have to be submitted on or before a payment is made to an employee http://www.hmrc.gov.uk/rti/on-or-before.pdf
If you require any advice or assistance with RTI, are thinking it may be time to outsource your payroll or you have any questions about these new guidelines please contact Alexander & Co today. Call 0161 832 4841, complete our simple online form or email firstname.lastname@example.org and one of our payroll and RTI specialist accountants will be in touch promptly to discuss your matter further.